The gross domestic product (GDP) for the 2025-2026 fiscal year is expected to reach 171,498.1 billion kyats and the economic growth rate 3 percent, Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing, who is also the Chairman of the Financial Commission, said at a meeting of the Commission held on March 24.
The deficit-to-GDP ratio must be maintained within a reasonable range to ensure the country’s macroeconomic stability and long-term economic growth. The budget is being increased in the home affairs, defense, health and education sectors, and this increase is for nation-building. Region and state governments need to allocate budgets that can actually be spent and to use the funds in areas that will benefit the State and the people, Senior General Min Aung Hlaing said.
It is necessary to spend the funds systematically, provide systematic supervisory measures in implementing projects and work systematically with a sense of goodwill for the country and the people to achieve success in the projects. In addition, it is important for the union ministries and regional and state governments to manage and supervise to meet the full amount of revenue targets , and they also need to make special efforts to collect tax revenues in accordance with existing tax laws, Senior General Min Aung Hlaing said.
